Hibiscus Petroleum a big winner as oil prices surge


Dateline 2026-03-09, Free Malaysia Today:

PETALING JAYA: Hibiscus Petroleum Bhd’s shares rose as much as 20% today after oil prices blew past the US$100 mark as the Middle East conflict between the US-Israel and Iran escalated.

Research houses have singled out the independent oil and gas (O&G) exploration and production company as the major beneficiary of rising oil prices in the wake of the virtual closure of the Strait of Hormuz.

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This entry was posted on Tuesday, March 10th, 2026 at 7:23 pm and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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